NEW YORK and WUXI, China, September 24, 2012 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, today announced that it will create a Commitment to Action as part of the Clinton Global Initiative (CGI) Annual Meeting to help power the Panzi Hospital in Bukavu, Democratic Republic of the Congo (DRC). Suntech will donate up to 300 kilowatts of solar panels to the hospital, which will significantly reduce its dependence on expensive diesel generators and firewood.
"With a quarter of the world's population in developing countries lacking access to basic electricity, it is critical that developed nations and corporations around the world collaborate to solve this issue now," said Dr. Zhengrong Shi, Suntech's founder, Executive Chairman, and Chief Strategy Officer. "Our mission is to provide reliable access to solar energy to everyone, especially in developing countries, and by creating a commitment with the Clinton Global Initiative, we hope to alleviate energy poverty in remote communities around the world that lack basic electricity."
The Panzi Hospital has 334 patient beds and provides treatment relating to obstetrics, gynecology, pediatrics, internal medicine, surgery, ophthalmology, dentistry, and nutrition - all while struggling with unreliable access to public electricity.
Over the years, Suntech has driven many campaigns to raise awareness and alleviate energy poverty around the world. In Tanzania, Suntech donated solar panels to the Sega Girls School, where the clean electricity helps generate a more capable and self-sustaining generation of young women. In Lebanon, it collaborated with a local partner to supply solar panels for 19 remote schools. Suntech has also donated solar panels to support the electrification of hospitals in Haiti. In addition, Suntech launched its Low Carbon Concept Museum in June 2010, which has attracted students from around the world to learn the intimate relationship between energy and human civilization.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.
For more information about Suntech's people and products visit http://www.suntech-power.com.
About the Clinton Global Initiative (CGI)
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) convenes global leaders to create and implement innovative solutions to the world's most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date CGI members have made more than 2,100 commitments, which are already improving the lives of nearly 400 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at $69.2 billion.
CGI also convenes CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, and CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "hopes," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Suntech Power Holdings, Co. Ltd.
Investor Relations Director
Weber Shandwick for Suntech
Tel: +86 21 2411 0046